Tag: US Dollar

Karachi, December 18, 2024 – On Wednesday, the Pakistani Rupee showed a slight but positive movement, reaching PKR 278.23 against the US dollar in the interbank foreign exchange market. This marked a modest gain of 4 paisas from the previous day’s closing of PKR 278.27 to the dollar, despite ongoing pressures stemming from strong import […]

Karachi, December 17, 2024 – The Pakistani rupee weakened by 10 paisas on Tuesday, driven by increased dollar demand for import and corporate payments. The rupee closed at PKR 278.27 against the dollar in the interbank foreign exchange market, slightly down from the previous day’s closing of PKR 278.17.

Karachi, December 16, 2024 – The Pakistani rupee experienced a marginal decline of 5 paisas against the US dollar on Monday, closing at PKR 278.17 in the interbank foreign exchange market compared to Friday’s closing rate of PKR 278.12. Despite this minor dip, the rupee’s overall outlook remains stable, supported by positive economic indicators.

The Pakistani rupee is expected to maintain stability for the remainder of the current fiscal year, supported by a robust external position and optimistic projections for foreign currency inflows. Analysts anticipate the currency trading at around 282 per dollar by the end of FY25, according to a recent report by Taurus Securities titled Pakistan Investment […]